Fund Finance Senior Associate: NAV, Valuation & Reporting

Magnetar Capital LLC; Evanston, Northern (IL, KY); Hybrid; USD 90,000 - 175,000; Full time

Job summary

Magnetar Capital LLC, based in Evanston, IL, seeks an experienced accountant to join our Fund Finance team. This role reports to the Controller of Fund Finance and collaborates with Operations, Portfolio Finance, Investor Relations, and Front Office to support hedge fund accounting, NAV, and reporting.

Ideal candidates have 3–7 years public accounting experience, a Finance or Accounting degree, and CPA or relevant asset-management finance background.

Qualifications

• Undergraduate or graduate degree in Finance or Accounting with strong academic performance record.
• 3-7 years’ experience in public accounting with relevant client experience strongly preferred.
• CPA and/or experience in a similar accounting or finance function in asset management.
• Proficient with Microsoft office applications with emphasis on MS Excel.
• High level of intelligence, internal drive, intellectual inquisitiveness and analytical ability.
• Optimistic attitude with willingness to contribute however and wherever possible or required. Seeks out an environment with the potential to rapidly assume additional challenges and responsibilities.
• Energetic, flexible, attention to detail and demonstrated capability to be proactive.

Responsibilities

• Manage day to day fund accounting responsibilities, including:
• Prepare daily analysis of fund product/desk trading position/profit and loss and firm management reports.
• Assist in managing the monthly NAV process with the administrator to ensure timely completion of NAV closes within SLA.
• Contribute to the monthly investment valuation process for consistency with GAAP and the private placement memorandum and prepare reporting for the quarterly Valuation Committee.
• Assist in the preparation and review of regular reporting requirements, including regulatory reporting, investor snapshots and ad hoc requests from the front office and investor relations.
• Manage the year-end audit and tax-related requests and queries at interim and year-end as well as review of the financial statements prepared by our fund administrators.
• Provide transaction support to the trading desk as it relates to private negotiated transactions.
• Assist in portfolio monitoring during various life cycles of an investment and participate in the asset diligence function.
• Recommend, develop, and implement new practices, procedures and systems, including identifying opportunities to deploy AI systems or technologies to enhance operating efficiency, reporting capabilities and improve internal control.

Skills

MS Excel

Analytical ability

Attention to detail

Independent work

Team collaboration

Education

Finance or Accounting degree

Tools

Microsoft Office

Job description

Magnetar Capital LLC, based in Evanston, IL, seeks an experienced accountant to join our Fund Finance team. This role reports to the Controller of Fund Finance and collaborates with Operations, Portfolio Finance, Investor Relations, and Front Office to support hedge fund accounting, NAV, and reporting.

Ideal candidates have 3–7 years public accounting experience, a Finance or Accounting degree, and CPA or relevant asset-management finance background.